BOLSAS Y MER - Daily - Technical analysis published on 12/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
BOLSAS Y MER Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 33.60 EUR
My targets
36.05 EUR (+2.01%)
39.55 EUR (+11.90%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BOLSAS Y MER as long as the price remains well above 33.60 EUR. The buyers” bullish objective is set at 36.05 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39.55 EUR. If there is any crossing, the next objective would be the resistance located at 43.30 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
BOLSAS Y MER rating 35.34 EUR. On the day, this instrument gained +0.28% and was between 35.24 EUR and 35.48 EUR. This implies that the price is at +0.28% from its lowest and at -0.39% from its highest.35.24
35.48
35.34
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BOLSAS Y MER:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of BOLSAS Y MER indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.53 | 30.20 | 33.60 | 35.34 | 36.05 | 43.30 | 51.30 |
| Change (%) | -27.76% | -14.54% | -4.92% | - | +2.01% | +22.52% | +45.16% |
| Change | -9.81 | -5.14 | -1.74 | - | +0.71 | +7.96 | +15.96 |
| Level | Major | Major | Intermediate | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.68 | 34.96 | 35.10 | 35.38 | 35.52 | 35.80 | 35.94 |
| Camarilla | 35.12 | 35.16 | 35.20 | 35.24 | 35.28 | 35.32 | 35.36 |
| Woodie | 34.61 | 34.93 | 35.03 | 35.35 | 35.45 | 35.77 | 35.87 |
| Fibonacci | 34.96 | 35.12 | 35.22 | 35.38 | 35.54 | 35.64 | 35.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.88 | 35.20 | 35.36 | 35.68 | 35.84 | 36.16 | 36.32 |
| Camarilla | 35.39 | 35.43 | 35.48 | 35.52 | 35.56 | 35.61 | 35.65 |
| Woodie | 34.80 | 35.16 | 35.28 | 35.64 | 35.76 | 36.12 | 36.24 |
| Fibonacci | 35.20 | 35.38 | 35.50 | 35.68 | 35.86 | 35.98 | 36.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.35 | 20.37 | 27.95 | 31.97 | 39.55 | 43.57 | 51.15 |
| Camarilla | 32.33 | 33.39 | 34.46 | 35.52 | 36.58 | 37.65 | 38.71 |
| Woodie | 18.12 | 21.26 | 29.72 | 32.86 | 41.32 | 44.46 | 52.92 |
| Fibonacci | 20.37 | 24.81 | 27.54 | 31.97 | 36.41 | 39.14 | 43.57 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 76.37 | |
| MACD (12,26,9): | 2.8500 | |
| Directional Movement: | 39.32 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 36.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.47 | |
| Elder Ray (13): | 1.20 | |
| Super Trend (3,10): | 33.05 | |
| Zig ZAG (10): | 35.34 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 95.14 | |
| TEMA (21): | 37.47 | |
| Williams %R (14): | -5.80 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.5500 | |
| Courbe Coppock: | 68.32 |
| MA7: | 35.62 | |
| MA20: | 32.08 | |
| MA50: | 26.92 | |
| MA100: | 24.55 | |
| MAexp7: | 35.29 | |
| MAexp20: | 32.65 | |
| MAexp50: | 28.64 | |
| MAexp100: | 26.15 | |
| Price / MA7: | -0.79% | |
| Price / MA20: | +10.16% | |
| Price / MA50: | +31.28% | |
| Price / MA100: | +43.95% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +8.24% | |
| Price / MAexp50: | +23.39% | |
| Price / MAexp100: | +35.14% |
This member declared not having a position on this financial instrument or a related financial instrument.
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